Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Ecco Slovakia, a Danish shoe company operating in Slovakia since 1998, has announced that it is to cut 283 jobs in the production plant in Martin. 107 out of the 283 employees made redundant are employed on fixed-term contract. Although the company’s sales revenue grew by 13% in 2006 (for a total of SKK 2.5 billion) compared to the previous year, the management decided to reduce the annual production capacity from 3.7 million shoe pairs to 2.8 million. According to the executive vice-president of Ecco group, Mr Jens Christian Meier, the reason behind this restructuring is increased competition as well as shortage of qualified workforce in the region. The company also aims at retaining qualified workers in the production plant. It was not announced when the job losses will be implemented.
Eurofound (2008), Ecco, Internal restructuring in Slovakia, factsheet number 66237, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66237.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
